PSALM’s privatization efforts generated a total of USD19.957 billion as of 3rd quarter 2016. Of this amount, actual collection amounted to USD10.804 billion as of this period.
Privatization Proceeds Generation and Collection
As of 3rd Quarter 2016
In USD Billion
| Assets | Generated | Collected | Balance |
|---|---|---|---|
| Generating Assets | 3.605 | 3.605 | 0.000 |
| Decommissioned Plants | 0.007 | 0.007 | 0.000 |
| Transmission Business (TransCo) | 6.100 | 3.963 | 2.137 |
| Appointment of IPPAs | 10.245 | 3.229 | 7.016 |
| Total | 19.957 | 10.804 | 9.153 |
Out of the USD9.713 billion privatization proceeds utilized, USD9.611 billion or 98.95% was used for the liquidation of financial obligations. The difference between the total amount collected and total utilization in the amount of USD1.091 billion is placed in temporary investments while awaiting utilization.
Privatization Proceeds Utilization
As of 3rd Quarter 2016
In USD Billion
| Utilization | Amount (In USD Billion) |
|---|---|
| Debt Prepayment | 1.298 |
| Regular Debt Service | 5.742 |
| BOT Lease Obligations | 2.570 |
| Other Privatization-Related Expenses | 0.102 |
| TransCo OPEX | 0.001 |
| Total | 9.713 |
USD1:PhP48.257 (BSP Guiding Rate dated 30 September 2016)
